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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
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45-46-90.07
Section 45-46-90.07 Charges for use of authority facilities. Docking fees, toll fees, rents,
and other charges for the use of the port, docks, and related facilities owned or operated
by the authority shall be so fixed and from time to time revised as at all times to provide
funds at least sufficient to do all of the following: (1) Pay the cost of operating, maintaining,
repairing, replacing, extending, and improving such facilities. (2) Pay the principal of and
the interest on all bonds issued and obligations assumed by the authority, that are payable
out of the revenues derived from operation of such facilities as the principal and interest
become due and payable. (3) Create and maintain such reserve for the foregoing purposes or
any of them as may be provided in any mortgage and deed of trust or trust indenture executed
by the authority hereunder or in any resolutions of the board authorizing the issuance of
bonds, the assumption of any obligation, or the acquisition of any such...
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8-19A-17
Section 8-19A-17 Actions by enforcing authority. The division may bring: (1) An action to obtain
a declaratory judgment that an act or practice violates this chapter. (2) An action to enjoin
any person who has violated or is violating this chapter. (3) An action on behalf of one or
more purchasers for the actual damages caused by an act or practice performed in violation
of this chapter. This action may include, but is not limited to, an action to recover against
a bond, letter of credit, or certificate of deposit as otherwise provided in this chapter.
Upon motion of the enforcing authority in any action brought under this section, the court
may make appropriate orders, including appointment of a master or receiver or sequestration
of assets, to reimburse consumers found to have been damaged, to carry out a consumer transaction
in accordance with the consumer's reasonable expectations, or to grant other appropriate relief.
The court may assess the expenses of a master or receiver...
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11-32-8
Section 11-32-8 Rates and charges. (a) Rates, fees, and charges for public transportation service
rendered by the authority from any of its transit systems shall be so fixed and from time
to time revised as at all times to provide funds that, when added to all other revenues including
tax proceeds anticipated to be received by the authority shall be at least sufficient to do
all of the following: (1) Pay the cost of operating, maintaining, repairing, replacing, extending,
and improving the systems from which such services are rendered. (2) Pay the principal of
and the interest on all bonds issued and obligations assumed by the authority that are payable
out of the revenues derived from operation of those systems, as the principal and interest
become due and payable. (3) Create and maintain reserves for the foregoing purposes or any
of them as may be provided in any mortgage, deed of trust, or trust indenture executed by
the authority or in any resolutions of the board authorizing the...
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11-49A-10
Section 11-49A-10 Bonds - Signature and seal; form and terms; sale; from what sources payable;
trust indentures, mortgages, etc. All bonds issued by the authority shall be signed by the
chairman of its board or other chief executive officer and attested by its secretary, and
the seal of the authority shall be affixed thereto, and any interest coupons applicable to
the bonds of the authority shall be signed by the chairman of its board or other chief executive
officer; provided, that a facsimile of the signature of one, but not both, of said officers
may be printed or otherwise reproduced on any such bonds in lieu of his manually signing the
same, a facsimile of the seal of the authority may be printed or otherwise reproduced on any
such bonds in lieu of being manually affixed thereto, and a facsimile of the signature of
the chairman of its board or other chief executive officer may be printed or otherwise reproduced
on any such interest coupons in lieu of his manually signing the same....
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22-23B-8
Section 22-23B-8 Funding of a loan. (a) In order to provide for the funding of a loan by the
authority for a project to the public body, such public body shall, to the extent required
by the authority as a condition precedent to the making of a loan, establish a dedicated source
of revenue to repay the moneys received from the authority and to provide for operation, maintenance
and equipment replacement expenses. Such public body is hereby authorized and empowered, any
existing statute to the contrary notwithstanding, to do and perform any one or more of the
following: To obligate itself to pay to the authority at periodic intervals a sum sufficient
to provide bond debt service with respect to the bonds of the authority issued to fund the
loan for such project; To levy, collect and pay over to the authority and to obligate itself
to continue to levy, collect and pay over to the authority the proceeds of any one or more
of the following: Any fee or charge for services from any one or...
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22-30F-8
Section 22-30F-8 Funding of a loan. (a) In order to provide for the funding of a loan by the
authority for a project to the public body, such public body shall, to the extent required
by the authority as a condition precedent to the making of a loan, establish a dedicated source
of revenue to repay the moneys received from the authority and to provide for operation, maintenance,
and equipment replacement expenses. Such public body is hereby authorized and empowered, any
existing statute to the contrary notwithstanding, to do and perform any one or more of the
following: (1) To obligate itself to pay to the authority at periodic intervals a sum sufficient
to provide bond debt service with respect to the bonds of the authority issued to fund the
loan for such project. (2) To levy, collect, and pay over to the authority and to obligate
itself to continue to levy, collect, and pay over to the authority the proceeds of any one
or more of the following: a. Any fee or charge for services from...
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24-1A-6
Section 24-1A-6 Bonds. (a) General. The authority may from time to time issue its negotiable
bonds in such principal amounts as, in the opinion of the authority, shall be necessary to
provide sufficient funds for achieving the corporate purposes thereof, the payment of interest
on bonds of the authority, establishment of reserves to secure such bonds and all other expenditures
of the authority incident to, and necessary or convenient to, carrying out its corporate purposes
and powers. (b) Sources of Payment. Bonds issued by the authority shall be payable solely
out of revenues or property of the authority specified in the resolutions authorizing the
issuance of such bonds. To the extent permitted by any contracts with the holders of outstanding
bonds and any other contractual obligations or requirements, the authority may pledge any,
or all, of its revenues or mortgages or assign any, or all, of its assets (whether real or
personal and whether tangible or intangible) to secure the...
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33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs
of the development, construction, improvements, expansion and modernization (or any of them)
of the State Docks Department at the Port of Mobile. The bonds hereby authorized shall be
general obligations of the state, and the full faith, credit and taxing powers of the state
are hereby irrevocably pledged for the prompt and faithful payment of the principal thereof
and the interest thereon. The bonds may be sold from time to time as the board of directors
may deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or
issued unless the Governor shall have first determined that the issuance of the bonds proposed
to be issued will be necessary to enable the authority to promote, develop, construct, improve,
expand and modernize the state docks facilities. Except as hereinafter...
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41-10-672
Section 41-10-672 Definitions. When used in this division, the following terms shall have the
following meanings unless the context clearly indicates otherwise: (1) ANCILLARY COSTS shall
mean the costs incurred in acquiring and constructing public improvements that benefit all
or any part of the projects including, without limitation, (i) improvements to streets, roads,
and bridges, (ii) improvements to water and sewer systems, gas and electric systems, and other
utilities providing services to any part of the projects, (iii) improvements to the police,
fire, and emergency rescue services provided to the companies by local governmental entities,
and (iv) improvements to transportation systems benefiting the companies, such as railroad
spur and switching facilities. (2) AUTHORITY shall mean the Alabama 21st Century Authority,
which is provided for pursuant to the Enabling Act. (3) BOEING shall mean the Boeing Company,
a corporation, or any affiliate thereof. (4) BONDS shall mean the...
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